Invesco S&P MidCap Value with Momentum ETF (NYSEARCA:XMVM) Short Interest Update

Invesco S&P MidCap Value with Momentum ETF (NYSEARCA:XMVM) was the recipient of a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 10,619 shares, a drop of 72.2% from the August 31st total of 38,162 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 28,218 shares, the days-to-cover ratio is presently 0.4 days.

Invesco S&P MidCap Value with Momentum ETF Stock Performance

Shares of XMVM opened at $71.53 on Friday. The company’s fifty day moving average is $74.27 and its two-hundred day moving average is $70.52. Invesco S&P MidCap Value with Momentum ETF has a 1 year low of $58.18 and a 1 year high of $76.01. The stock has a market capitalization of $505.00 million, a P/E ratio of 11.50 and a beta of 0.97.

Institutional Trading of Invesco S&P MidCap Value with Momentum ETF

Several large investors have recently modified their holdings of XMVM. Bank of America Corp DE lifted its position in shares of Invesco S&P MidCap Value with Momentum ETF by 1.1% in the first quarter. Bank of America Corp DE now owns 566,191 shares of the company’s stock valued at $36,870,000 after acquiring an additional 6,220 shares in the last quarter. Whitaker Myers Wealth Managers LTD. lifted its position in Invesco S&P MidCap Value with Momentum ETF by 6.5% during the second quarter. Whitaker Myers Wealth Managers LTD. now owns 230,965 shares of the company’s stock worth $16,380,000 after buying an additional 14,184 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in Invesco S&P MidCap Value with Momentum ETF by 14.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 148,670 shares of the company’s stock worth $9,539,000 after buying an additional 18,909 shares during the last quarter. Cetera Investment Advisers grew its holdings in Invesco S&P MidCap Value with Momentum ETF by 12.3% in the 1st quarter. Cetera Investment Advisers now owns 72,698 shares of the company’s stock valued at $4,734,000 after buying an additional 7,935 shares during the period. Finally, Independent Financial Group LLC purchased a new stake in Invesco S&P MidCap Value with Momentum ETF in the first quarter valued at approximately $4,359,000.

About Invesco S&P MidCap Value with Momentum ETF

The Invesco S&P MidCap Value with Momentum ETF (XMVM) is an exchange-traded fund that is based on the S&P Midcap 400 High Momentum Value index. The fund tracks a value-weighted index of S&P 400 MidCap stocks selected by value and momentum. XMVM was launched on Mar 3, 2005 and is managed by Invesco.